Markets

US Bank earnings are over — here’s a scorecard of how JPMorgan, Goldman Sachs, Citi, Morgan Stanley, and Bank of America stacked up

Third-quarter earnings at the big US banks are over. Now that the dust has (ever-so slightly) settled, how did the big-five US investment banks stack up against each other? Opimas, a capital markets consulting firm, has released a scorecard showing how much individual investment banking business lines – strategic advisory, […]
US Bank earnings are over — here’s a scorecard of how JPMorgan, Goldman Sachs, Citi, Morgan Stanley, and Bank of America stacked up
Markets

Bank of America beats expectations as quarterly profits soar 32%

Bank of America Merrill Lynch reported third-quarter earnings Monday, beating expectations with adjusted earnings per share of $US0.66, a 43% increase from last year. Analysts had expected the bank to report adjusted earnings per share of $US0.62. The bank also reported profits of $US7.2 billion – a 32% increase over […]
Bank of America beats expectations as quarterly profits soar 32%
Markets

Equity traders are crushing it as big banks celebrate a huge six months

Wall Street banks have followed up their stellar 2018 debut in stock trading with another robust performance in equities in the second quarter. JPMorgan Chase, Citigroup, and Bank of America Merrill Lynch all saw strong second-quarter earnings in the past week, with each reporting a second consecutive standout performance from […]
Equity traders are crushing it as big banks celebrate a huge six months
Markets

Bank of America beats, profits climbs 33%

Bank of America Merrill Lynch announced second-quarter adjusted earnings of $US0.63 a share Monday morning, a 43% jump from last year. Analysts had expected adjusted earnings of $US0.57. Here are the key numbers: Revenue: $US22.6 billion, down from Q2 2017 revenue of $US22.8 billion, which included a $US793 million pretax […]
Bank of America beats, profits climbs 33%
Markets

‘Overt and career-killing defamation’: Bank of America exec ousted over sexual misconduct allegations is suing the firm for $100 million

Omeed Malik, a former senior banker in Bank of America’s prime brokerage department, is suing his ex-employer for $US100 million for “overt and career-killing defamation.” Malik was fired in January amid sexual misconduct allegations. Bank of America says the claims are baseless and that it stands by its decision. A […]
‘Overt and career-killing defamation’: Bank of America exec ousted over sexual misconduct allegations is suing the firm for $100 million
Markets

Bank of America beats, delivers a record quarter

Bank of America Merrill Lynch just announced first-quarter earnings results, beating analyst estimates with earnings per share of $US0.62. Analysts had been expecting the bank to report adjusted earnings per share of $US0.59. The beat was driven by higher interest rates and lower taxes, while the bank’s equities trading unit […]
Bank of America beats, delivers a record quarter
Markets

Bank of America issues its strongest sell signal yet as stocks plummet

The Bull & Bear indicator managed by Bank of America Merrill Lynch has finally flashed a firm sell signal after weeks of overextended conditions. The firm’s chief investment strategist, Michael Hartnett, has repeatedly warned against investor overconfidence, which he says has left the market vulnerable to a downturn. Hartnett forecasts […]
Bank of America issues its strongest sell signal yet as stocks plummet